Construction investment increases to $3 billion this year

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VietStock FI English 2 month(s) ago

From January until November of this year, investment in the construction sector mounted to $2.96 billion, marking a 27 per cent increase compared to the same time span in 2014, according to new data released by the Ministry of Land Management, Urban Planning and Construction (MLMUPC).

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Securities Exchange Commision discusses derivatives rules

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VietStock FI English 2 month(s) ago

The Securities Exchange Commision of Cambodia (SECC) held a consultation meeting with financial firms and investors yesterday to review a draft prakas on the licensing and supervision of derivatives trading.

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Borey supply increased 15 per cent this year

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VietStock FI English 3 month(s) ago

In the current state of relative political stability and strong economic growth while the earning potential of Cambodians increases, the overall supply of Borey housing has risen by 15 per cent compared to the same time last year, a recent study has found.

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Preorders strong ahead of iPhone release

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VietStock FI English 3 month(s) ago

A thriving grey market has done little to dampen anticipation for the official launch of the latest iPhone models in Cambodia, and authorised dealers say consumers are lining up to purchase the new smartphone handsets as soon as they become available.

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Cambodia’s entrance to the Golden Period

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VietStock FI English 3 month(s) ago

Cambodia’s property sector reflects Hong Kong’s blooming era in the 1980’s

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SIM card registration drive stalling

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VietStock FI English 3 month(s) ago

One month after the government announced a crackdown on unregistered mobile phone lines, retailers are still selling SIM cards without the required identification documents, and the major telecom companies have done little to curtail the practice.

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Thai bank buys local MFI in mammoth deal

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VietStock FI English 1 week(s) ago

Thai bank buys local MFI in mammoth deal

In what may be the biggest deal in Cambodia’s financial sector history, Thailand-based Bank of Ayudhya has reached an agreement to acquire the local microfinance institution (MFI) Hattha Kaksekar, with the deal expected to be valued at upwards of $140 million.

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Apparel companies cite union concerns

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VietStock FI English 2 week(s) ago

A visiting delegation from the American Chamber of Commerce in Hong Kong met with relevant ministries and stakeholders yesterday to discuss the progress of Cambodia’s trade union law and the issues surrounding industrial relations in the Kingdom.

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Tourist numbers and revenue climb in 2015

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VietStock FI English 2 week(s) ago

An estimated 4.8 million international tourists visited Cambodia in 2015, marking a modest 6-per-cent increase over the previous year, Top Sopheak, an undersecretary of state at the Ministry of Tourism, said on Sunday at the Cambodia Rice Forum in Phnom Penh.

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China slowdown not cause for worry

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VietStock FI English 2 week(s) ago

Data released this week showed China’s economy grew by 6.9 per cent in 2015, compared with 7.3 per cent a year earlier, marking its slowest growth in over a quarter of a century. The Post’s Ananth Baliga sat down with Shang-Jin Wei, chief economist of the Asian Development Bank, to discuss the reasons behind the Asian giant’s economic slowdown and its potential impact on Cambodia.

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Malaysian firm’s exploration contract nixed

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VietStock FI English 2 week(s) ago

The Cambodian government has terminated the contracts for the exploration of two off-shore oil blocks in the Gulf of Thailand as the firm in charge of these blocks made little or no progress, a Ministry of Mines and Energy official said yesterday.

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Businesses cite asset bubble as top concern

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VietStock FI English 3 week(s) ago

Executives surveyed by the World Economic Forum cited a potential asset bubble as the biggest economic concern of businesses in the Kingdom, followed by risks from energy price shocks and unemployment.

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Rice industry growth hampered by disunity

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VietStock FI English 1 month(s) ago

The Cambodia Rice Federation (CRF), the apex body of the nation’s rice industry, is looking to bring all relevant stakeholders under one unifying vision for the sector, citing the lack of cooperation among its members as a key reason for missing last year’s 1 million-tonne milled rice export target.

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Focus on e-banking as Acleda profits soar

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VietStock FI English 1 month(s) ago

Focus on e-banking as Acleda profits soar

On the back of a 28 per cent increase in profits last year, the country’s largest bank Acleda Bank said it would increase its focus on development of its electronic banking infrastructure in the ASEAN region, but had no plans of going public yet, according to the bank’s CEO In Channy.

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Chinese volatility vexes Cambodia

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VietStock FI English 1 month(s) ago

Chinese volatility vexes Cambodia

For the second time in five months, the Shanghai Composite Index saw large corrections this week triggering a newly installed circuit breaker to halt trading on Monday and Thursday.

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